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  • Market Dips by 0.49%, Oceanic Delisted, UBN placed on Technical Suspension

    The Nigerian Bourse dipped for the second consecutive day in trading shedding 47 basis points today and bringing the All Share Index to close at 20012.07 after the days trading. First bank and Sterling Bank were the...

    • Posted October 11, 2011
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  • Eurozone: China to the Rescue

    Growing Chinese investments in Eurozone nations are contributing to stability in the Euro currency, and improving market sentiment on the prospects of the region’s successful fight against a threatening financial crisis. China has a strategic interest to...

    • Posted October 11, 2011
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  • World: News You Don’t Want to Miss [11-Oct-2011]

    Asian markets were mostly up in overnight trading with the Hang Seng up 2.4%, as a unit of China’s sovereign wealth fund boosted holdings of four huge Chinese lenders. As markets await Solvakia’s vote on the EFSF, Europe is lower...

    • Posted October 11, 2011
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  • President Goodluck Jonathan sacks 10 agencies from ports

    President Goodluck Jonathan yesterday  approved the sack of 10 agencies from the nation’s seaports. The affected agencies were accused of working against the international best practices in port administration. They include the Standards Organisation of Nigeria (SON), the...

    • Posted October 11, 2011
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  • Oil-pipeline
    Pipeline explosion leads to Shell force majeure

    An explosion at a pipeline in Nigeria has led Shell to declare force majeure on some crude oil exports from the country for almost three months. The Anglo-Dutch supermajor was informed of a leak on the Trans...

    • Posted October 11, 2011
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  • Sirius Petroleum eyes first marginal oil field project in Nigeria

    Sirius Petroleum  has signed an agreement that could lead to it taking a 40% stake in what would be its first marginal field project in Nigeria. It has signed a Financial and Technical Services Agreement with local...

    • Posted October 11, 2011
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  • Stock Market Depreciates By 59bp In Todays Trading

    The Nigerian Stock Exchange All Share Index depreciated by 0.59% to close at 20106.8 from 20225.02 on Friday. The biggest gainers on the bourse today were ROADS (4.88%), CAP (4.87%), Neimeth (4.85%), RTBriscoe (4.52%), and UBA (4.37%)....

    • Posted October 10, 2011
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  • Central Bank Jacks Up Benchmark Rate to 12%

    Following wide speculations that the Nigerian Monetary Policy Committee would raise rates at the emergency meeting scheduled for 10am this morning, the MPC has gone ahead to do just that. However the bank raised the rate far...

    • Posted October 10, 2011
    • 2
  • Central Bank Jacks Up Benchmark Rate to 12%

    Following wide speculation that the Nigerian Monetary Policy Committee would raise rates at the emergency meeting scheduled for 10am this morning, the MPC has gone ahead to do just that. However the bank surprised analysts, raising the...

    • Posted October 10, 2011
    • 0
  • World Leaders Mobilize To Contain European Debt Crisis

    French President Nicholas Sarkozy, and German Chancellor Angela Merkel briefed the media yesterday about plans by their respective countries to bail out troubled banks in the Eurozone especially Grecian banks. Sarkozy stated, “we will recapitalize the banks”,...

    • Posted October 10, 2011
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